Re: [CANSLIM] about the market

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] about the market
Date: Fri, 22 Aug 2003 19:23:25 -0400

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Not long ago all we needed to worry about were fundies and TA's. Now
terrorism is a big part of the equation. Also there are many more day
traders and swing traders like myself. The news this week was mostly good
except for the volatile Middle East situation. Plus it's Friday, time for
certain traders to vamoose (close positions) till Monday. This is why
trading is difficult.

If in the future you go on instinct, you probably will get burned more
often. Maybe consider puts as insurance for some stocks, chews up some
profit but is peace of mind worth it???


- ----- Original Message ----- 
From: "Jeff Henderson" <JHend746@cox.net>
To: <canslim@lists.xmission.com>
Sent: Friday, August 22, 2003 6:30 PM
Subject: [CANSLIM] about the market


> Yesterday and the day before, I got the feeling that the market was
> overpriced and would be coming back down.  Today all my stocks dropped
> and 3 of my stocks hit their exits (I exited) should I have gone on
> instinct and exited yesterday or did I do the right thing by sticking to
> my system?
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Yien T Lung
> Sent: Friday, August 22, 2003 1:44 PM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] When to Sit and Wait and when to Sell
>
> Hi people,
>
> From your experience, what do you guys do to a stock that has BO, but
> has
> not moved much or even come back to its original pivot point. I remember
> Jesse Livermore saying that it was much more profitable to ride on your
> trade than to cut your gains after a certain percentage gain. In other
> words, what kind of criterias to look in order to tell if the stock you
> bought is a winner - so stick with it,  or a dog - sell it or even go
> short?
>
>
> thanks
> Yien
>
>
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